§ 31-34-1 - Proof of financial responsibility required. - Rhode Island Statutes

SECTION 31-34-1

   § 31-34-1  Proof of financialresponsibility required. – (a) It shall be unlawful for the owner of any motor vehicle or truck engaged inthe business of renting motor vehicles or trucks without drivers to rent amotor vehicle without a driver otherwise than as a part of a bona fidetransaction involving the sale of the motor vehicle or truck, unless the ownerhas previously notified the division of motor vehicles of the intention to sorent the vehicle and has given proof of financial responsibility, in thefollowing amounts:

   (1) Ten thousand dollars ($10,000) for property damage;

   (2) Twenty-five thousand dollars ($25,000) for injury ordeath sustained by one person;

   (3) Fifty thousand dollars ($50,000) for all personalinjuries or deaths resulting from one accident.

   (b) The division of motor vehicles shall not register thevehicle unless and until the owner gives proof of financial responsibility asprovided in this chapter. The division of motor vehicles shall cancel theregistration of any motor vehicle or truck rented without a driver whenever thedivision of motor vehicles ascertains that the owner has failed or is unable togive and maintain proof of financial responsibility.